Market Overview: Aster/Tether (ASTERUSDT) on 2025-11-05

Summary
• ASTERUSDT opened at $0.912, reached $1.072, and closed at $1.010 with a 24-hour volume of ~136.5M and turnover of ~$137.2M.
• Price formed a bullish reversal structure near 1.00 and broke above key 15-min resistance at $1.02.
• RSI showed overbought conditions near 1.05, while volume surged with the breakout.

Aster/Tether (ASTERUSDT) began the 24-hour window at $0.912 and reached a high of $1.072 by 3:30 AM ET before closing at $1.010. Total traded volume for the period was approximately 136.5 million tokens, generating a notional turnover of $137.2 million. The price has shown a clear upward impulsion following a 15-minute bearish trend and has now broken above the $1.02 resistance level.

Structure & Formations

On the 15-minute chart, ASTERUSDT exhibited a bullish reversal formation near $1.00, marked by a large green candle that engulfed the previous bearish candle. Strong support levels appear to be at $0.93–$0.95 and $0.89–$0.91, while resistance is consolidating around $1.02–$1.04. A 61.8% Fibonacci retracement of the recent bearish swing (from $1.072 to $0.933) is at $0.998, which was briefly pierced during the morning session.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart are trending upward, with price currently above both. On the daily chart, the 50-period MA is at $0.96, the 100-period at $0.94, and the 200-period at $0.91. These readings suggest that ASTERUSDT is currently in a short-to-medium-term bullish trend, although the long-term bias is still neutral to slightly bearish.

MACD & RSI

The MACD for the 15-minute timeframe shows a positive crossover and is trending upwards, reinforcing the bullish momentum. RSI has moved into overbought territory (above 65) near $1.05 and may face near-term correctionary pressure. A pullback to the $1.00–$1.02 range could test the strength of the recent breakout.

Bollinger Bands

Price has recently expanded beyond the upper Bollinger Band following the $1.02–$1.072 rally, indicating high volatility and a continuation of bullish momentum. The bands have not contracted significantly, suggesting the market remains active and lacks consolidation. The current position near the upper band implies a potential pullback is more likely than a continuation unless the 1.06 level is retested and held.

Volume & Turnover

Volume surged during the breakout above $1.02 and remained elevated through the morning session, confirming the move. However, volume has since dipped slightly in the $1.02–$1.05 range, suggesting some short-term uncertainty. Notional turnover reached a peak of ~$16.5M at the 3:30 AM ET high, indicating strong participation. A divergence between price and volume could signal a near-term pullback.

Fibonacci Retracements

A 61.8% Fibonacci retracement of the $0.933–$1.072 swing is at $0.998, which was tested and broken during the morning. The 38.2% level is at $1.026, a potential short-term target for continuation. A breakdown below the 61.8% level would signal a return to consolidation.

Backtest Hypothesis

The described backtesting strategy focuses on identifying the "Bullish Engulfing" candlestick pattern on the 15-minute chart, entering long positions on confirmation and holding for 3 days. In the case of ASTERUSDT, the pattern was clearly visible near $1.00, with a strong follow-through over the next 90 minutes. If applied with a strict stop-loss below the prior swing low (~$0.93) and a take-profit at the 61.8% Fibonacci level ($0.998 or beyond), the strategy could yield positive results. However, the lack of a full OHLCV dataset for ASTERUSDT on the backtesting engine currently limits automated validation. If the corrected ticker or data file is provided, this pattern-based approach can be tested for its efficacy in real historical conditions.